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Vol 65 No 25

Published 13th December 2024


Nigeria

Reforms spark a national tax revolt

State governors and federal lawmakers oppose plans to centralise revenue collection in a new agency in Abuja

President Bola Tinubu’s alliance with northern Nigeria, which helped him get into power last year, risks falling apart as he attempts to re-engineer the country’s revenue structure. Tinubu’s reforms to the federal revenue system, which aim to increase the value of taxes collected to 20% of gross domestic product by the end of 2025, involve setting up an over-arching federal agency overseeing the management of monies paid to customs, taxes and other charges on companies, and Value Added Tax (VAT) in the states.

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